Garment sector short of orders
Only around 10 per cent of Vietnam’s major garment businesses currently have orders for the third and fourth quarters.
This is a rather low figure compared to the same period last year when most businesses received bulk orders from their counterparts.
The Ministry of Industry and Trade (MoIT) said that the production of cotton fabric has also fallen due to the decline in export contracts and domestic consumption.
Synthetic fabric production in January decreased 22 per cent and clothing exports were also down 10.9 per cent.
MoIT Deputy Minister Nguyen Nam Hai said garment making and exports in January were affected by increases in labour and input costs as well as the current European debt crisis and Japan's tight budget policy.
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